- Superior performance during low light conditions and temperature variations along with advent of 8K resolution technology fuel the growth of the global organic CMOS image sensor market
PORTLAND, Ore., June 22, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Organic CMOS Image Sensor Market by Image Processing (2D Sensor and 3D Sensor), Array Type (Linear Image Sensors and Area Image Sensors), Application (3D Imaging, Video, Machine Vision, Biometrics, and Others), and Industry Vertical (Consumer electronics, Automotive, Medical & Life Sciences, Security & Surveillance, Robotics, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028." According to the report, the global organic CMOS image sensor industry garnered $1.19 billion in 2020, and is expected to reach $2.87 billion by 2028, registering a CAGR of 12.4% from 2021 to 2028.
Prime determinants of growth
Superior performance during low light conditions and temperature variations along with advent of 8K resolution technology fuel the growth of the global organic CMOS image sensor market. However, excess heat generated with implementation of the organic sensor technology restrains the market growth. Contrarily, increase in usage of image sensors in automobiles and reliability for wide applications create new opportunities in the next few years.
Manufacturing activities have been hindered due to lockdown in many countries. In addition, supply chain disruptions, hindrances in raw material procurement, and ban on export in China restrain the organic CMOS image sensor market growth during the pandemic.
The demand from various industry verticals including consumer electronics, automotive, and robotics has been lowered significantly. However, the requirement from the medical & life sciences industry increased during the pandemic.
The 2D sensors segment to continue its dominance in terms of revenue during the forecast period
By image processing, the 2D sensors segment accounted for the largest share in 2020, holding nearly two-thirds of the global organic CMOS image sensor market, and is estimated to maintain its dominance in terms of revenue throughout the forecast period. This is due to its high performance in applications including machine vision and automation, medical and life sciences, logistics, and robotics. However, the 3D sensors segment is expected to witness the highest CAGR of 13.3% from 2021 to 2028, owing to rise in demand in medical imaging solutions.
The area image sensors segment to grow at the fastest
By array type, the area image sensors segment is estimated to manifest at the highest CAGR of 13.8% from 2021 to 2028, owing to its usage in medical applications such as X-ray. However, the linear image sensors segment held the highest share in 2020, accounting for more than two-thirds of the global organic CMOS image sensor market, and is projected to continue its leadership status during the forecast period. This is due to its wide usage in encoders, positioning detectors, and image readers as they provide high sensitivity, small in-put terminal capacitance, variable integration time feature, and optimum video data rate of up to 10MHz.
North America to maintain its lead position by 2028
Based on region, North America contributed to the highest share in 2020, accounting for more than two-fifths of the global organic CMOS image sensor market, and is estimated to maintain its lead position by 2028. This is due to presence of many key players and surge in use of high tech products in this region. However, Asia-Pacific is expected to portray the fastest CAGR of 16.1% during the forecast period, owing to surge in demand from developing countries such as China, India, and South Korea.
Artificial Intelligence Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and others), Application (Natural Language Processing (NLP), Robotic, Computer Vision, Network Security, and Others), Technology (System-on-Chip, System-in-Package, Multi-chip Module, and Others), Processing Type (Edge and Cloud), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2027
Multilayer Ceramic Capacitor Market by Class (Class 1 (NP0 (C0G), P100, and Others (N33 and N75)) and Class 2 (X7R, X5R, Y5V, and Others (Z5U and X7S)), Application (Consumer Electronics, Automotive, Manufacturing, Healthcare, and Others (Defense and Aviation)) - Global Opportunity Analysis and Industry Forecast, 2019-2027
Power Management Integrated Circuits Market by Product Type (Voltage Regulators, Motor Control IC, Integrated ASSP Power Management IC, Battery Management IC, and Other Power Management IC) and End Use (Automotive & Transportation, Consumer Electronics, Industrial, Telecom & Networking, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027
DC-DC Converter Market By Input Voltage (5-36V, 36-75V, 75V and Above), Output Voltage (3.3V, 5V, 12V, 15V and Above), Mounting Style (Surface Mount and Through Hole), Application (Smartphone, Servers & Storage, EV Battery Management Unit, Railway, and Medical Equipment): Global Opportunity Analysis and Industry Forecast, 2020–2027
Flexible Electronics Market By Component (Flexible Display [OLED, E-paper, and LCD], Flexible Battery, Flexible Sensor [Bio Sensors, CMOS Hybrid Sensors, Photo Detectors, Piezo Resistive, and Others], Flexible Memory, and Flexible Photovoltaics) and Application (Consumer Electronics, Automotive, Medical & Healthcare, Energy & Power, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
MLC NAND Memory: Global Opportunity Analysis and Industry Forecast, 2020–2027
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.